Instinet Names John F. Fay and Alex Goor Co-CEOs.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Instinet, a global agency broker and independent subsidiary of Nomura Holdings, Inc., today announced the promotions of John F. Fay and Alex Goor to co-CEO. Mr. Fay and Mr. Goor, previously co-Presidents of the firm, will succeed Edward J. Nicoll, who will remain as Chairman. "I have worked side by side with John and Alex for over 10 years, and have watched them develop their considerable talents and vision," said Nicoll. "I'm certain that they will continue Instinet's tradition of excellence as they lead us in the future as part of the Nomura family." "Instinet has long been a pioneer in electronic trading, relying on advanced trading technologies, global reach and, above all else, dedicated client service," said Goor. "With these values in mind, John and I could not be happier about the opportunity to lead the firm." "This is an extremely exciting period in the firm's history, with volumes and market share up in all regions, global initiatives like JapanCrossing(SM) and Chi-X([R]) starting to pay dividends, and a new suite of offerings that we will be able to provide clients as part of Nomura," added Fay. Mr. Fay will direct Instinet's businesses in Europe and Asia as well as its finance organization, while Mr. Goor will continue to lead Instinet's North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. business as well as its technology operations. Before joining Instinet, Mr. Fay was CFO See Chief Financial Officer. of Island Holding Company, which was acquired by Instinet in 2002. Prior to that Mr. Fay held senior management positions at Goldman Sachs, Morgan Stanley and Dean Witter. Mr. Fay serves on the Board of WR Hambrecht + Co WR Hambrecht + Co. is a full service investment bank with headquarters in New York and San Francisco. It specializes in using its unique auction process called OpenIPO to compete with the traditional methods of larger and more established banks. , is a graduate of Mount St. Mary's Mount St. Mary's may refer many institutions. Mount St. Mary's College may be:
abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration in Finance from the Stern School of Business at New York University New York University, mainly in New York City; coeducational; chartered 1831, opened 1832 as the Univ. of the City of New York, renamed 1896. It comprises 13 schools and colleges, maintaining 4 main centers (including the Medical Center) in the city, as well as the . Mr. Goor previously served as President of Inet ATS, Inc., which Instinet sold to The Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. , Inc.([R]) in 2005, and before that held senior management positions at Datek Online and Watcher Technologies. Mr. Goor serves on the Board of BondDesk Group and is a graduate of Columbia University. About Instinet Instinet, through its subsidiaries, acts as a global agency broker, providing the trading expertise and advanced technology necessary to successfully interact with more than 50 securities markets worldwide. Acting solely as an agent for its customers, Instinet seeks to improve institutional investment performance and lower overall trading costs through its various front-end trading systems, securities crossing networks, algorithms, commission management programs and investment research products. The company, which is an independent subsidiary of Nomura Holdings, Inc., is headquartered in New York and maintains offices in North America, Europe and the Asia Pacific region. For more information, please visit www.instinet.com. Instinet conducts its U.S. institutional brokerage business primarily through Instinet, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , member NASD/SIPC. [c]2007 Instinet, LLC. All rights reserved. INSTINET is a registered service mark in the United States and in other countries throughout the world. Instinet, LLC is a member of NASD/SIPC. |
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